Treasury's $6.3M Healthcare Benefits BPA Call to International Medical Group Inc. for Admin Support
Contract Overview
Contract Amount: $6,334,039 ($6.3M)
Contractor: International Medical Group Inc
Awarding Agency: Department of the Treasury
Start Date: 2024-09-30
End Date: 2026-09-29
Contract Duration: 729 days
Daily Burn Rate: $8.7K/day
Competition Type: NOT COMPETED UNDER SAP
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Healthcare
Official Description: HEALTHCARE BENEFITS BPA CALL 1 ADMINISTRATIVE SUPPORT SERVICES
Place of Performance
Location: INDIANAPOLIS, MARION County, INDIANA, 46240
State: Indiana Government Spending
Plain-Language Summary
Department of the Treasury obligated $6.3 million to INTERNATIONAL MEDICAL GROUP INC for work described as: HEALTHCARE BENEFITS BPA CALL 1 ADMINISTRATIVE SUPPORT SERVICES Key points: 1. Contract awarded to International Medical Group Inc. for administrative support services. 2. The contract value is $6,334,039 with a duration of 729 days. 3. This is a Firm Fixed Price contract, indicating a defined scope and cost. 4. The award falls under the Pharmacy Benefit Management and Third Party Administration sector.
Value Assessment
Rating: fair
The contract value of $6.3M for administrative support over two years appears reasonable, but without specific service benchmarks or comparable contract data, a precise valuation is difficult. The firm fixed-price structure provides cost certainty.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was not competed under SAP, suggesting a limited competition approach. This may impact price discovery and potentially lead to higher costs compared to a fully competitive process.
Taxpayer Impact: Taxpayer funds are being utilized for administrative support services. The lack of full competition raises questions about achieving the best possible value for taxpayer dollars.
Public Impact
Ensures continued administrative support for healthcare benefits programs. Supports the Bureau of the Fiscal Service's operational needs. Impacts beneficiaries of the healthcare programs by ensuring smooth administrative processes.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition may not yield the best price.
- Lack of detailed performance metrics for administrative support.
- Potential for scope creep in administrative services.
Positive Signals
- Firm Fixed Price contract provides cost predictability.
- Established vendor with existing contract vehicle (BPA Call).
Sector Analysis
This contract falls within the Healthcare sector, specifically focusing on administrative support for benefits programs. Spending benchmarks in this area vary widely based on the complexity and scope of services provided.
Small Business Impact
The data does not indicate whether small businesses were involved in this procurement, either as prime contractors or subcontractors. Further analysis would be needed to assess small business participation.
Oversight & Accountability
The Bureau of the Fiscal Service is responsible for this contract. Oversight would typically involve monitoring performance against contract requirements and ensuring adherence to terms and conditions.
Related Government Programs
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
- Department of the Treasury Contracting
- Bureau of the Fiscal Service Programs
Risk Flags
- Limited competition
- Potential for unoptimized pricing
- Lack of detailed service scope
- No clear small business participation noted
Tags
pharmacy-benefit-management-and-other-th, department-of-the-treasury, in, bpa-call, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $6.3 million to INTERNATIONAL MEDICAL GROUP INC. HEALTHCARE BENEFITS BPA CALL 1 ADMINISTRATIVE SUPPORT SERVICES
Who is the contractor on this award?
The obligated recipient is INTERNATIONAL MEDICAL GROUP INC.
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Bureau of the Fiscal Service).
What is the total obligated amount?
The obligated amount is $6.3 million.
What is the period of performance?
Start: 2024-09-30. End: 2026-09-29.
What specific administrative support services are included in this contract, and how do they align with the agency's needs?
The contract specifies administrative support services for healthcare benefits. A detailed breakdown of these services, such as claims processing, member inquiries, data management, and reporting, would be necessary to fully assess their alignment with the Bureau of the Fiscal Service's operational requirements and ensure efficient program delivery.
What is the justification for limiting competition on this contract, and what steps were taken to ensure fair pricing?
The justification for limited competition is not provided in the data. Typically, such decisions are based on factors like urgency, unique capabilities, or existing contract vehicles. To ensure fair pricing, the agency should have conducted market research or used historical pricing data from similar contracts.
How will the effectiveness of International Medical Group Inc.'s administrative support be measured and evaluated?
The effectiveness of the administrative support will likely be measured through key performance indicators (KPIs) outlined in the contract. These could include response times for inquiries, accuracy rates in data processing, and overall client satisfaction. Regular performance reviews and reporting by the contractor are crucial for ongoing evaluation.
Industry Classification
NAICS: Finance and Insurance › Agencies, Brokerages, and Other Insurance Related Activities › Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: NOT COMPETED UNDER SAP
Solicitation Procedures: SIMPLIFIED ACQUISITION
Solicitation ID: 20346424R00001
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Sirius International Insurance Group Ltd
Address: 9200 KEYSTONE CROSSING STE 800, INDIANAPOLIS, IN, 46240
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Foreign Owned, Foreign-Owned and U.S.-Incorporated Business, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $6,334,039
Exercised Options: $6,334,039
Current Obligation: $6,334,039
Actual Outlays: $3,900,841
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 20346424A00010
IDV Type: BPA
Timeline
Start Date: 2024-09-30
Current End Date: 2026-09-29
Potential End Date: 2026-09-29 00:00:00
Last Modified: 2026-03-17
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